Ichimoku analysis (Hourly chart)
Tenken-Sen - 143.97
Kijun-Sen - 143.27
GBPJPY trades higher and jumped more than 0.50%. The pair has broken minor trend line resistance at 144.15 and hits intraday high of 144.47. It is currently trading around 144.42.
Intraday bias is bullish and a jump till 145.03 (200- H MA) is possible. Any break above 145.03 will take the pair 145.35 (38.2% fib)/145.80.
The near term support is around 144.08 (89- H EMA) and any break below 143.80/143. The pair should break below 142.75 for further weakness.
It is good to buy on dips around 144.35-40 for the TP of 144 for the TP of 145.03/145.35.
